News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree

Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate...

Published 10 Dec, 2022 04:45pm

Markets

Perishables worth $5.5mn stuck at Karachi port 'owing to dollar shortage'

PFVA says 417 containers carrying vegetables i.e. onion, ginger and garlic worth approximately $5.5 million are stuck at the port

Updated 06 Dec, 2022 08:34pm

Technology

Suspension of DCB payments to Google Play: users, telecom companies at receiving end

Facing a growing liquidity shortage as foreign exchange reserves continue to fall, Pakistan’s central bank has...

Published 26 Nov, 2022 05:47pm

Markets

Analysts perplexed as SBP hikes key interest rate to 16% — highest since 1998-99

Some say SBP's comments on demand compression and raising policy rate are in contradiction

Updated 25 Nov, 2022 08:52pm

Markets

Pakistan’s perceived default risk worsens 'owing to IMF uncertainty'

Expert says CDS would normalise after inflows from friendly countries and global lender are realised

Updated 16 Nov, 2022 06:26pm

Markets

Pakistan’s perceived default risk rises significantly

5-year CDS has increased from 2,208bps to 6,419bps in one month, says brokerage house

Updated 14 Nov, 2022 08:42pm

Markets

'Illegal channels take toll' as remittances fall nearly 16% in October

Inflow drops to $2.2 billion, lowest since February 2022
Decline attributed to rise in informal channels and global economic slowdown

Updated 11 Nov, 2022 10:26pm

Markets

What do SBP’s forex control measures mean for travelers

The State Bank of Pakistan (SBP) on Tuesday revised a number of measures to curtail the outflow of foreign currency...

Published 09 Nov, 2022 07:58pm

Pakistan

Pakistan needs $16.3bn to recover from flood damages, says govt

Floods have caused damages to the tune of $14.91 billion and losses of over $15.23 billion, reveal findings of report

Updated 28 Oct, 2022 07:27pm

Markets

Open market sees massive shortage of USD

KARACHI: Consumers were left running from pillar to post as the open market ran massively short of US dollars on...

Updated 25 Oct, 2022 11:11am

Pakistan

Analysts hopeful of removal from FATF's grey-list, but caution long way still to go

Say Pakistan's appeal to international investors will improve, but attracting FDI requires structural reforms

Updated 20 Oct, 2022 05:23pm

Perspectives

Pakistan's economy: walking on thin ice

Dar and his team of policymakers will be treading a very thin line, as they seek to accelerate economic growth in unfavourable conditions marred with a global economic slowdown all while remaining cognizant of IMF conditions

Published 07 Oct, 2022 08:24pm

Markets

Energy crisis: Pakistan fails to secure LNG contract

Back in August, PLL had invited bids for 72 LNG cargoes from international suppliers across a period of six years

Updated 04 Oct, 2022 05:34pm

Pakistan

'Times have changed now': Experts weigh in as Dar set to make comeback as finance minister

Being in IMF programme, there is little room to do 'much' for the economy, say some analysts

Updated 26 Sep, 2022 06:17pm

Business & Finance

Auto financing falls in August

Outstanding consumer financing for transport, which includes purchase of cars etc, stood at Rs353 billion as of...

Published 20 Sep, 2022 04:01pm

Markets

Pakistan’s oil, gas production dips amid flash floods

Pakistan’s oil and gas production dropped 3% and 2.1% respectively, during the week ended September 08, as...

Published 15 Sep, 2022 03:08pm

Pakistan

Miftah warns of food insecurity as floods dent wheat, rice crops

At event in Karachi, finance minister stresses that the 'world does not want to lend to Pakistan anymore' so it is imperative to 'live within our means' to ensure sustainable, long-term growth

Updated 02 Sep, 2022 05:24pm

Markets

Forex: spread between inter-bank, open market widens

Spread between the inter-bank and open market foreign exchange rates has widened during the ongoing week, with...

Published 26 Aug, 2022 01:34am

Perspectives

Without structural reforms, rupee's screams will only get louder

It is no secret that the world is passing through one of its most tumultuous phases in recent memory, both on the...

Published 10 Aug, 2022 03:23am

Markets

Pakistan seeks 72 LNG cargoes for six years as energy woes bite

Wants one shipment per month from international suppliers

Updated 06 Aug, 2022 06:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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